ADT024 : Audit Sampling

Programme Objective

To provide audit professionals with guidance on understanding the key concepts of audit sampling, conducting audit sampling for both tests of controls and details, and evaluating audit sampling results to ensure effective and efficient audit testing.

Programme Outline

• Discuss the objective and purpose of audit sampling

• Identify the key concepts and risks associated with audit sampling

• Understand the strengths and weaknesses of statistical and non-statistical (i.e., judgmental) sampling including the appropriate application of statistical and non-statistical sampling

• Learn how to conduct attribute sampling for tests of controls

• Learn how to conduct monetary unit sampling for tests of details

• Learn how to conduct non-statistical sampling for tests of controls and details

• Learn how to analyze sampling results and determine appropriate follow-up audit response

Intended For

An Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who are keen to understand more about Audit Sampling are encouraged to attend.